Brooklyn Neighborhood HDFC

Analysis

Brooklyn Neighborhood HDFC is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2026. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Brooklyn Neighborhood HDFC reported income of $1.5m and spending of $1.6m, spending 107% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income grew from $1.5m to $1.5m (+0.0%), an average of +0.0% a year. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brooklyn Neighborhood HDFC sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Workforce Wayne ($1.5m), Monterey Bay Economic Partnership Inc ($1.5m) and Banner Neighborhoods Community Corporation ($1.5m).

On its Form 990 for the period ending December 2020, revenue came from program service revenue 93% of the total. At year end it held assets of $13.1m against liabilities of $8.7m, net assets of $4.4m.